Beijing time, April 26 news, Twitter announced on Monday that the company has reached a definitive agreement with an entity wholly owned by Elon Musk. According to the agreement, Musk acquired Twitter for $54.20 per share in cash, a transaction valued at about $44 billion (288.6 billion yuan). After the transaction, Twitter will become a privately held company. Under the terms of the agreement, Twitter shareholders will receive $54.20 in cash for each share of Twitter common stock held by Twitter shareholders following the closing of the proposed transaction. The purchase price is 38% higher than Twitter’s closing price on April 1, 2022, the last trading day before Musk disclosed that he held about 9% of Twitter. “Twitter is a digital town square for debating issues critical to the future of humanity,” Musk said in a statement. “I also want to make Twitter better than ever, enhancing the product by adding new features, allowing algorithms to Open source to increase trust, defeat spam bots, and certify everyone. Twitter owns .
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